Latest news with #Finout
Int'l Business Times
30-06-2025
- Business
- Int'l Business Times
4 Modern IT Startups on the Rise in 2025
Several sectors are seeing a surge in promising startups in 2025, including AI, healthcare, fintech, and sustainable energy. In the world of software, we're seeing coding copilots like Cursor and trends like vibe coding take off and increase code velocity by upwards of 70%, according to the latest DORA report. So what does this mean for modern engineering teams that are responsible for the uptime and performance of these AI-driven applications? For managing and maintaining their costs? AI is moving at speeds no one could have anticipated, leaving the platform and engineering teams on the reactive. Below, we highlight 4 startups that are growing fast, improving reliability, providing AI guardrails, and keeping costs in check: Gremlin Gremlin We anticipate 2025 to be a big year for Gremlin. They burst onto the scene in late 2017, pioneering the cutting-edge discipline of Chaos Engineering, which involves running attacks and experiments on your own online systems in order to identify the weaknesses. As a practice, Chaos Engineering was embraced internally at places like Netflix and Amazon, and so it's not a surprise that Gremlin CEO and Founder Kolton Andrus is an alumnus from both of these companies. Being early to market, Gremlin decided to hyper-focus on product over the past few years, building out world-class enterprise features that enable modern teams to get the most out of their proactive reliability efforts. They've built out reliability scoring, intelligent health checks, dependency discovery, and executive reporting in order to ensure enterprises can run experiments safely and validate their efforts. With AI on the rise and off the leash, it's essential that modern engineering teams have the tools to safely run experiments and ensure that AI-driven development doesn't mean a sacrifice in reliability and performance. Finout Finout Finout has quickly become a preferred financial operations management solution for modern teams looking to track and optimize the costs of their spending. The Finout platform consolidates all of your cloud expenses across the major cloud providers and 3rd party SaaS services into one, centralized dashboard. Whether your company runs on AWS or Azure, whether it uses Datadog or Snowflake, the Finout platform offers native integrations to quickly consolidate and then visualize your spending data, and then analyze it with their unique virtual tagging. Finout is also the only solution on this list that does not charge users for their cost optimization service. This means that any money saved on AWS, generated by Finout's solution, is money that stays with the customer. Causely Causely Causely is a new player on the observability scene. The main problem their platform addresses is that modern teams are drowning in too many alerts and too much data coming from multiple observability solutions across open-source and 3rd party vendors. Their causal reasoning platform automatically pinpoints root causes in the endless sea of observability data, helping engineers avoid unnecessary manual effort. The company recently announced support for Grafana, so that engineers can instantly see the "why" behind performance issues in the context of their services, significantly cutting resolution time when there's an alert that needs to be addressed. Causely also plugs into Grafana Alertmanager, enriching existing alerts with real-time, continuously-updated root-cause intelligence. This AI-powered capability goes beyond sending alerts when something is wrong, getting deeper into where the problem originated and what to do next within the incident response workflow. The company has teased a future that removes humans from the loop and involves more automation when it comes to IT management. It's promising to see startups on the operations side coming up with creative and efficient solutions that keep pace with the pace of AI-driven development. Espresso AI launched in the summer of last year with $11Million in funding and a straightforward message: users can save up to 70% on their Snowflake bill with some help from AI. The CEO, Ben Lerner, worked on Google DeepMind, which is made up of scientists, engineers, ethicists, and more working to build the next generation of AI systems safely and responsibly. Their solution leverages advanced language models (LLMs) and machine learning algorithms to optimize code and reduce cloud compute costs automatically. According to the company, Espresso AI is like Kubernetes for Snowflake, where they can intelligently route queries across warehouses to increase utilization and cut costs. "Snowflake alone has $2 billion in annual revenue. If you look across data warehousing broadly, it's certainly hundreds of millions of dollars in revenue for us, and billions in potential savings for customers," said Lerner when the company launched in 2024. The software vendors that perform the best in this market are the ones that avoid selling hype and provide real value for their customers. In a sea of software, it can be hard for businesses to know what solutions to leverage and how to keep up. We believe these are four solutions worth considering seriously.
Associated Press
29-01-2025
- Business
- Associated Press
Finout Cements FinOps Leadership with $40M Series C as Category Goes Mainstream
Finout, the leading FinOps-for-enterprise platform, today announced a $40 million Series C funding round led by global software investor Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. This investment brings Finout's total funding to $85 million. The company's platform, which powers cloud-agnostic cost allocation and governance for industry leaders, including SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy, reflects the rapid mainstreaming of FinOps. This press release features multimedia. View the full release here: Finout Dashboard (Graphic: Business Wire) As organizations navigate increasingly complex cloud environments driven by usage-based pricing models—spanning multi-cloud architectures, Kubernetes workloads, data warehouses, and CDNs—traditional cost management approaches are proving inaccurate, time-consuming, and inherently limited by design. Meanwhile, infrastructure complexity continues to escalate. From AI model deployments to dynamic application scaling, many businesses need faster time to insights, clear visibility into past spending, and actionable strategies for future planning. Teams demand a platform that can drive FinOps adoption company-wide. With 59% of organizations reporting increased cloud spending in 2024 and enterprises set to double their AI infrastructure investments by 2026, FinOps has evolved into a strategic imperative, with Finout emerging as the enterprise standard. 'We've been closely monitoring the FinOps space for years. With cloud costs and complexity spiraling and AI investments accelerating, the need for sophisticated cloud cost management is critical,' said Teddie Wardi, Managing Director at Insight Partners. 'Finout's impressive growth trajectory demonstrates they've become a market leader and trusted enterprise solution at exactly the right moment. The cloud cost management market represents a massive opportunity, and we believe Finout has proven they're positioned to lead it.' Finout's cloud cost management platform provides enterprises with enhanced visibility and control over their cloud spending through advanced allocation, unit economics analysis, and planning and forecasting capabilities. The platform enables organizations to drive accountability and contextualize cloud spend across teams, features, and business units while providing the business insights needed to understand spend at the customer, transaction, and feature level. Building on its foundation, Finout has unveiled a suite of enterprise-ready features tailored to meet the complex demands of large-scale organizations. Guided by three core pillars— understanding the past, preparing for the future, and driving FinOps adoption company-wide —these innovations elevate how businesses manage their cloud spend and financial planning. The enhancements include advanced financial planning and forecasting tools that move teams beyond static Excel workflows, fostering collaboration between finance and engineering. Finout's instant virtual tagging introduces on-the-fly cost allocation, even for multi-account infrastructures and telemetry-based shared costs, helping organizations achieve precise allocation of their spending. To further support large-scale enterprises, Finout released modern tagging governance features that enforce consistent resource categorization, which can eliminate inefficiencies and improve data granularity. 'The growing adoption of FinOps across enterprises is a testament to the increasing need for sophisticated, actionable cost management solutions in today's complex cloud environments,' said Roi Ravhon, CEO and Co-Founder of Finout. 'This funding is not just a validation of Finout's market leadership but also of the vibrant community driving FinOps forward. With this investment, we're poised to meet the surging demand by continuing to build the most advanced, user-centric platform available—empowering organizations to turn cloud cost management into a competitive advantage.' About Finout Finout is an enterprise-grade FinOps solution that helps companies easily allocate, manage and reduce their cloud spending across their entire infrastructure. Finout's solution provides the entire organization with complete visibility & context for your cloud costs, helping them save money, work smarter, & innovate more profitably, all without adding code or an agent. About Insight Partners Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of September 30, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit or follow us on X @insightpartners. Copyright Business Wire 2025. PUB: 01/29/2025 09:30 AM/DISC: 01/29/2025 09:31 AM
